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Dec 24, 2012
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that is based on a government measure of inflation. for social security they use the consumer price index. there is a new measure of inflation that the government has been considering for a while. on average, it is a little bit lower. it reflects a lower level of inflation than what the government has been using up until now. on average they tell us that the kola would be about .03% less. last year the increase was 3.6%. that's the biggest effective of adopting this new measure of inflation that the republicans put on the table. the reason why we're focusing on this and a lot of groups have been focusing on this is that the president, he agreed to because a year and half ago they were in talks. the talks fell apart. nothing is agreed to until everything is agreed to. however, the president put on the table this idea. so we have the president who has supported this in the past. we have the speaker of the house who supports it now. it makes it in play. our other political dynamics on capitol hill that make it a lot more difficult to adop
that is based on a government measure of inflation. for social security they use the consumer price index. there is a new measure of inflation that the government has been considering for a while. on average, it is a little bit lower. it reflects a lower level of inflation than what the government has been using up until now. on average they tell us that the kola would be about .03% less. last year the increase was 3.6%. that's the biggest effective of adopting this new measure of inflation...
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Dec 23, 2012
12/12
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we believe in keeping the government out of your pockets. if you believe in freekts, -- free markets, those are the basic tenets of the tea party. i would hope we all believe in that. that would be a decisive yes. >> \[inaudible] >> you look at his scorecard with the heritage action. he was a 98 and i was closing in on i think it was a 090. there was a couple that separated us, maybe some of the more well-known votes. other than that, i'm not quite sure where we disagree. i would think philosophically we're on the same page and hopefully we'll continue to work together. i look forward to hearing more from the senator. >> last question. >> \[inaudible] >> that's a great question. you know, i think if john was here with me today he would say, tim, don't forget, it's not about growing up in life, it's about moving forward. and we define that differently. some see the senate as a move up, and i certainly do as well in a way. but i'm hoping that the message that the good lord's placed in my heart gets a shot and a leap forward, that we'll have th
we believe in keeping the government out of your pockets. if you believe in freekts, -- free markets, those are the basic tenets of the tea party. i would hope we all believe in that. that would be a decisive yes. >> \[inaudible] >> you look at his scorecard with the heritage action. he was a 98 and i was closing in on i think it was a 090. there was a couple that separated us, maybe some of the more well-known votes. other than that, i'm not quite sure where we disagree. i would...
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Dec 27, 2012
12/12
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is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a representation as to what they are going to do. i do know they are going to be discussing it just in a few minutes. >> what would you say [indiscernbile] >> i would say the most preferable path forward is to get us back in session, come here, sit down at the table, and reach a compromise agreement. an alternative, which is the simplest, pass the senate bill you want to correct a glitch in the senate bill from a procedural viewpoint, it will pasts the house, which will include a tax decrease on the first $200,000 of income of an individual, or $250,000 for a family. we could do that immediately.
is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a...
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Dec 27, 2012
12/12
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it is a state and local government issue. what we hear often from the southern states is that they are receiving former residents of new jersey that are buying homes and the tax bill goes down from $20,000 a year down to $2,000 a year. it is essentially a local and state tax competition. the high tax rates in new jersey -- that is one reason why there is a migration out of new jersey to other states. host: doug from kansas. on the independent line. caller: good morning. it appears there will not give new mortgages because they want to collect the higher interest rates. seeing the stock market crash -- would it make sense to loosen it up? -- say the stock market crashed and we went into depression, when it makes sense to loosen it up so somebody with a 700 credit score, they can save us in the economy ahead? -- they can give them the better mortgage rates to save us and the economy ahead? guest: i agree with the caller. the person that cannot refinance -- as is profit going to the financial industry. the financial industry pro
it is a state and local government issue. what we hear often from the southern states is that they are receiving former residents of new jersey that are buying homes and the tax bill goes down from $20,000 a year down to $2,000 a year. it is essentially a local and state tax competition. the high tax rates in new jersey -- that is one reason why there is a migration out of new jersey to other states. host: doug from kansas. on the independent line. caller: good morning. it appears there will...
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Dec 27, 2012
12/12
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the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. why? because german capital was flowing to the country at cheap rates, financing ponzi schemes. it is just like the subprime market here where people were coerced to take loans that could not afford. similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the conservative prime minister, he is not a stupid man. he was a terrible prime minister, but he is not a stupid man. you know what he did? he bailed out. he has not spoken since. he affectively called for a general election. he did not contest it. it was much worse than obama's first debate. he appeared before them and was like "don't vote for me." he lost that election. he did not have to call for that election. he called for it to lose it, to stay at home. he has not spoken since. he is having a nice holiday. and then there was papandreou. i was an advisor up until 2006. so i am not to blame. who
the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. why? because german capital was flowing to the country at cheap rates, financing ponzi schemes. it is just like the subprime market here where people were coerced to take loans that could not afford. similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the conservative...
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Dec 29, 2012
12/12
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fiasco of the summer of 2011 when they came back in yet another conjuring resolution used to fund the government and the obama administration had passed a budget was coming up. the republican leadership believed they couldn't use the vote in fact there are members voted against it. the appropriations committee, which designed these continuous solutions and all other spending bills with serious. they insisted on meeting with the leadership. were the ones being punished. for doing everything you want us to do and get these guys still won't go for it. ..
fiasco of the summer of 2011 when they came back in yet another conjuring resolution used to fund the government and the obama administration had passed a budget was coming up. the republican leadership believed they couldn't use the vote in fact there are members voted against it. the appropriations committee, which designed these continuous solutions and all other spending bills with serious. they insisted on meeting with the leadership. were the ones being punished. for doing everything you...
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Dec 28, 2012
12/12
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government is good or government is bad. it is somewhere in between. my experience working with the department of education, for the most part, the tensions are -- intentions are good. it drives people near profit. you get to the collection side and there's a whole system of financial systems that draws people more towards profit. hopefully we can have a conversation of higher education in the first place. it is what is right now. we're denying some many people the benefits of it. >> the example of $10,000 of and come and $30,000 of debt, either they are not aware of what that means, for there are expecting the child. i say we get rid of alone and have a rational set of limits on the student loans based on the degree lovell that will specify -- level that will specify what the likely in come as going to be. the annual limits of will be proportional. based on the length of the degree program. i think that we need to do more on the back end. and i know you agree with this. we'd have a bankruptcy discharge available. we need to restore a statute of limita
government is good or government is bad. it is somewhere in between. my experience working with the department of education, for the most part, the tensions are -- intentions are good. it drives people near profit. you get to the collection side and there's a whole system of financial systems that draws people more towards profit. hopefully we can have a conversation of higher education in the first place. it is what is right now. we're denying some many people the benefits of it. >> the...
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Dec 25, 2012
12/12
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today, your government, your fellow citizens are going to strike the gold medal for you. congratulations. [applause] >> ladies and gentlemen, please remain seated for the unveiling and presentation of the congressional gold medal by members of united states congress. [applause] ladies and gentlemen, mr. arnold palmer. [applause] >> thank you. mr. speaker, members of congress, reverend clergy, ladies and gentlemen. this is not my first time, so bear with me a little bit. i prepare this wonderful occasion, and i thought about what a thrill it was last time i had the opportunity to address congress in these halls. that was in 1990. on the 100th anniversary of the birthday of president and general dwight eisenhower. i was fortunate enough to have had a warm and rewarding french ship -- friendship with the president, and the last of his years were wonderful. we enjoyed a little golf and a lot of fun. it was a great honor to be able to be with him, a great american. he was that. it was a pleasure for me to spend some time with him. i have had some feelings about this distinguis
today, your government, your fellow citizens are going to strike the gold medal for you. congratulations. [applause] >> ladies and gentlemen, please remain seated for the unveiling and presentation of the congressional gold medal by members of united states congress. [applause] ladies and gentlemen, mr. arnold palmer. [applause] >> thank you. mr. speaker, members of congress, reverend clergy, ladies and gentlemen. this is not my first time, so bear with me a little bit. i prepare...
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Dec 24, 2012
12/12
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government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that ha
government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly...
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Dec 23, 2012
12/12
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i think romney saw a lot of promise in him from the governing standpoint. he is known in the political world for his budget, yet when he picked him, he never fully embraced the ryan budget and had his own ideas. instantly, you are having an odd bit of tension there. why would pick someone from wisconsin, who came from a swing district in wisconsin and then never really try to campaign in wisconsin? i believe was the same weekend he picked ryan and he never went back until the last week of the election. it's really puzzling. romney had a shot there. go there after you pick someone from that state and you never go back? host: why was john kerry's enormous wealth and not an issue in 2004? guest: it was, but that campaign was so much defined by 9/11, john kerry, and the swift voting issue. the problem is not enormously wealthy candidates, but can they make a pitch to the working-class voters. it does not matter what is in your bank account of what is out there in public. guest: part of the reason john kerry of losses because he and his wife were characterized t
i think romney saw a lot of promise in him from the governing standpoint. he is known in the political world for his budget, yet when he picked him, he never fully embraced the ryan budget and had his own ideas. instantly, you are having an odd bit of tension there. why would pick someone from wisconsin, who came from a swing district in wisconsin and then never really try to campaign in wisconsin? i believe was the same weekend he picked ryan and he never went back until the last week of the...